CMHC

CMHC

March 17, 2005 15:30 ET

Canada Mortgage and Housing Corporation: Opening New Doors to Affordable Housing - 202 New Units in Manchester


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CMHC

MARCH 17, 2005 - 15:30 ET

Canada Mortgage and Housing Corporation: Opening New
Doors to Affordable Housing - 202 New Units in
Manchester

CALGARY, ALBERTA--(CCNMatthews - March 17, 2005) - A special ceremony
held today marked the grand opening 202 new affordable housing units for
low-income singles, couples, and seniors in Calgary's southwest
community of Manchester.

Affordable housing is a priority for all levels of government, and
accordingly, funding for this $16.1 million initiative will be provided
by the governments of Canada, Alberta and the City of Calgary.

The project consists of two buildings, a residence for seniors and an
apartment tower. Mayor Dave Bronconnier, along with federal and
provincial government officials, used a large key to symbolically open
the front doors to the 14 storey tower, which will help to meet the
affordable housing needs of Calgary, a high-growth municipality.

"The Government of Canada is committed to investing in our communities,
particularly in areas of need such as affordable housing," said the
Honourable Joe Fontana, Minister of Labour and Housing. "By working in
partnership with the provincial and municipal governments through
programs like the Canada-Alberta Affordable Housing Program and the
Infrastructure Canada-Alberta Program, we are able to see projects like
Manchester come to life for the people of Calgary."

"This project exemplifies our strong commitment to address the
affordable needs of high-growth, high-need communities throughout
Alberta," said the Honourable Yvonne Fritz, Minister of Seniors and
Community Supports. "By working together to develop appropriate and
effective solutions, we not only improve the quality of life for
lower-income Albertans but we contribute to revitalizing communities and
strengthening the local economy."

"This project is a good start to reducing the need in Calgary for
affordable rental housing for low-income earners and seniors," said
Mayor Dave Bronconnier. "The collaboration and funding support of this
project from federal and provincial governments is significant. Calgary
is a high-growth high-need municipality with significant affordable
housing requirements. This project moves us closer to City Council's
goal of providing 800 to 1,000 new units of affordable housing over five
years."

Funding for the $ 16.112 million Manchester project includes $9.15
million in federal and provincial monies under the Canada-Alberta
Affordable Housing Program (CAAHP); $645,000 under the Infrastructure
Canada-Alberta Program (ICAP) for infrastructure costs, and an
additional $800,000 contributed by Alberta Seniors & Community Supports
from property sales proceeds. The City of Calgary is providing the
balance of the funding of $ 5.517 million plus land (assessed at $
670,000) out of the Corporate Housing Capital Reserve.

The Manchester site presents a favorable location for an affordable
housing project due to its proximity to employment opportunities, the
Chinook LRT station, bus transit and shopping. This development is a
positive addition to the revitalization of the community.

The Manchester affordable housing complex is located at 300 - 57 Avenue
SW. Occupancy of the buildings will commence at the end of March 2005.

For more information, visit The City of Calgary Web site at
www.calgary.ca/corporateproperties.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Asset Management & Capital Works
    Shirley Popadiuk
    (403) 268-5307 or Cell: 710-3570
    or
    The City of Calgary
    Ed Conway
    Corporate Properties & Buildings
    (403) 268-4843
    or
    Western Diversification
    Sherry Brownlee
    (780) 495-8570
    or
    Alberta Seniors & Community Supports
    Jason Chance
    (780) 644-5509
    or
    Canada Mortgage and Housing Corporation
    Jason Cobb
    (403) 515-2986